Energy XXI announced its Board of Directors declared a quarterly dividend of $0.12 per share of common stock, representing a 71% increase from the previous rate. The dividend is to be paid on June 14, 2013 to shareholders of record on May 31, 2013. The Board of Directors also declared a $1.8125 per share quarterly dividend on its shares of 7.25% Convertible Perpetual Preferred Stock, which have a face value of $100 per share, and a $3.5156 per share quarterly dividend on its shares of 5.625% Convertible Perpetual Preferred Stock, which have a face value of $250 per share. Dividends on both issues will be paid in cash on June 14, 2013 to the holders of record on May 31, 2013.

Energy XXI (Bermuda) Limited reports unaudited consolidated earnings and operational results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported total revenues of $303,774,000 against $335,996,000 a year ago. Operating income was $99,870,000 against $126,805,000 a year ago. Income before income taxes was $70,124,000 against $100,015,000 a year ago. Net income available for common stockholders was $37,563,000 or $0.46 diluted earnings per share against $82,455,000 or $1.04 diluted earnings per share a year ago. Net cash provided by operating activities was $209,909,000 against $198,198,000 a year ago. Capital expenditures were $184,504,000 against $155,744,000 a year ago. capital expenditures, including plug-and-abandonment and excluding acquisition costs, totaled $191 million, with $61 million in exploration and $130 million in development and other costs. Net income as reported was $40,436,000 or $2.13 diluted earnings per share against $91,252,000 or $2.46 diluted earnings per share a year ago. EBITDA was $186,010,000 against $215,253,000 a year ago. For the nine months, the company reported total revenues of $894,520,000 against $961,457,000 a year ago. Operating income was $250,058,000 against $366,874,000 a year ago. Income before income taxes was $165,446,000 against $284,557,000 a year ago. Net income available for common stockholders was $91,405,000 or $1.14 diluted earnings per share against $238,463,000 or $2.92 diluted earnings per share a year ago. Net cash provided by operating activities was $451,545,000 against $566,182,000 a year ago. Capital expenditures were $563,554,000 against $394,188,000 a year ago. Net income as reported was $100,028,000 or $6.00 diluted earnings per share against $254,672,000 or $7.20 diluted earnings per share a year ago. EBITDA was $524,738,000 against $627,693,000 a year ago. For the quarter, the company reported production averaged 43,500 barrels of oil equivalent per day (BOE/d) net, compared with 45,300 BOE/d net in the 2012 fiscal third quarter. Oil volumes averaged 28,600 barrels per day (Bopd) net. Current production has averaged 50,000 BOE/d net, including approximately 30,000 Bopd, since May 1, 2013. Total natural gas per Mcf was $3.66 against $3.06 a year ago. Total crude oil per Bbl was $106.53 against $109.49 a year ago. Total hedge gain per BOE was $0.87 against $0.27 a year ago. Operating income per BOE was $25.50 against $30.72 a year ago. For the full year ending June 30, 2013, capital expenditures, excluding acquisitions, are expected to total between $780 million and $810 million.

Energy XXI (Bermuda) Limited announced that they will report Q3, 2013 results on May 06, 2013